Bright Horizons Family Solutions Inc. - Understand $bfam stock

$BFAM Market Cap: $6.905 Billion

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Financial Snapshot

Revenue

$2.628B

TTM

Gross Margin

22.5%

TTM

Net Earnings

$116.6M

TTM

Current Assets

$404.0M

Q3 2024

Current Liabilities

$666.9M

Q3 2024

Current Ratio

60.58%

Q3 2024

Total Assets

$3.915B

Q3 2024

Total Liabilities

$2.516B

Q3 2024

Book Value

$1.399B

Q3 2024

Cash

$109.9M

Q3 2024

P/E

59.23

Nov 29, 2024 EST

Free Cash Flow

$216.2M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$2.418B	$2.020B	$1.755B	$1.515B	$2.062B	$1.903B	$1.741B	$1.570B	$1.458B	$1.353B	$1.219B	$1.071B	$973.7M	$878.2M	$852.3M
YoY Change	19.69%	15.11%	15.85%	-26.52%	8.35%	9.32%	10.9%	7.64%	7.79%	11.01%	13.8%	9.99%	10.88%	3.03%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$2.418B	$2.020B	$1.755B	$1.515B	$2.062B	$1.903B	$1.741B	$1.570B	$1.458B	$1.353B	$1.219B	$1.071B	$973.7M	$878.2M	$852.3M
Cost Of Revenue	$1.887B	$1.542B	$1.340B	$1.211B	$1.539B	$1.430B	$1.310B	$1.179B	$1.101B	$1.039B	$937.8M	$825.2M	$766.5M	$698.3M	$672.8M
Gross Profit	$531.7M	$478.7M	$415.0M	$304.5M	$522.9M	$473.3M	$430.6M	$390.8M	$357.8M	$313.6M	$280.9M	$245.8M	$207.2M	$179.9M	$179.5M
Gross Profit Margin	21.99%	23.69%	23.64%	20.1%	25.36%	24.87%	24.73%	24.9%	24.53%	23.18%	23.05%	22.95%	21.28%	20.49%	21.06%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin	$327.1M	$289.2M	$256.8M	$219.6M	$221.5M	$201.6M	$188.9M	$164.0M	$148.2M	$137.7M	$141.8M	$123.4M	$92.94M	$83.60M	$82.20M
YoY Change	13.11%	12.59%	16.97%	-0.87%	9.87%	6.7%	15.23%	10.67%	7.61%	-2.92%	14.96%	32.75%	11.17%	1.7%
% of Gross Profit	61.51%	60.41%	61.88%	72.09%	42.36%	42.6%	43.88%	41.95%	41.41%	43.9%	50.48%	50.2%	44.85%	46.47%	45.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$110.7M	$106.1M	$108.8M	$111.7M	$108.3M	$100.9M	$94.78M	$85.28M	$78.67M	$77.45M	$72.81M	$61.35M	$55.45M	$53.32M	$53.20M
YoY Change	4.28%	-2.47%	-2.54%	3.13%	7.26%	6.51%	11.13%	8.41%	1.57%	6.37%	18.68%	10.63%	4.0%	0.23%
% of Gross Profit	20.82%	22.18%	26.22%	36.66%	20.7%	21.33%	22.01%	21.82%	21.99%	24.7%	25.92%	24.96%	26.76%	29.64%	29.64%
Operating Expenses	$327.1M	$289.2M	$256.8M	$219.6M	$221.5M	$201.6M	$188.9M	$164.0M	$148.2M	$137.7M	$141.8M	$123.4M	$92.94M	$83.60M	$112.2M
YoY Change	13.11%	12.59%	16.97%	-0.87%	9.87%	6.7%	15.23%	10.67%	7.61%	-2.92%	14.96%	32.75%	11.17%	-25.49%
Operating Profit	$171.2M	$157.6M	$129.0M	$53.33M	$267.8M	$239.1M	$205.4M	$197.2M	$181.6M	$146.9M	$109.0M	$95.46M	$86.84M	$68.66M	$67.30M
YoY Change	8.67%	22.14%	141.91%	-80.09%	12.01%	16.38%	4.16%	8.61%	23.61%	34.75%	14.21%	9.94%	26.47%	2.03%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	-$51.61M	-$45.40M	-$36.10M	-$37.70M	-$45.20M	$47.51M	$44.04M	$42.92M	$41.45M	$34.71M	$40.63M	$83.86M	$82.91M	$89.00M	-$83.10M
YoY Change	13.67%	25.77%	-4.25%	-16.59%	-195.14%	7.88%	2.6%	3.57%	19.41%	-14.56%	-51.56%	1.15%	-6.84%	-207.1%
% of Operating Profit	-30.14%	-28.81%	-27.98%	-70.69%	-16.88%	19.87%	21.44%	21.76%	22.82%	23.62%	37.26%	87.85%	95.48%	129.62%	-123.48%
Other Income/Expense, Net					$0.00	$0.00	$3.671M	$0.00	$0.00
YoY Change						-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	$119.6M	$112.2M	$90.35M	$15.65M	$222.7M	$157.5M	$116.2M	$132.8M	$134.6M	$110.6M	$5.109M	$6.882M	$3.973M	-$19.32M	-$16.30M
YoY Change	6.64%	24.17%	477.23%	-92.97%	41.34%	35.54%	-12.51%	-1.31%	21.73%	2064.51%	-25.76%	73.22%	-120.56%	18.53%
Income Tax	$45.41M	$31.54M	$19.89M	-$11.34M	$42.28M	$33.61M	$4.437M	$48.44M	$46.23M	$40.28M	-$7.533M	$3.243M	$825.0K	-$10.31M	-$6.800M
% Of Pretax Income	37.96%	28.12%	22.01%	-72.45%	18.99%	21.33%	3.82%	36.46%	34.34%	36.42%	-147.45%	47.12%	20.77%
Net Earnings	$74.22M	$80.64M	$70.46M	$26.99M	$180.4M	$158.0M	$157.0M	$94.76M	$93.93M	$72.04M	$12.62M	$8.162M	$4.759M	-$9.994M	-$9.500M
YoY Change	-7.96%	14.45%	161.04%	-85.04%	14.18%	0.65%	65.64%	0.89%	30.39%	470.66%	54.66%	71.51%	-147.62%	5.2%
Net Earnings / Revenue	3.07%	3.99%	4.01%	1.78%	8.75%	8.3%	9.02%	6.04%	6.44%	5.32%	1.04%	0.76%	0.49%	-1.14%	-1.11%
Basic Earnings Per Share	$1.28	$1.38	$1.16	$0.45	$3.10	$2.72	$2.65	$1.59	$1.53	$1.09	$0.20	-$12.62
Diluted Earnings Per Share	$1.28	$1.37	$1.15	$0.45	$3.05	$2.66	$2.59	$1.55	$1.50	$1.07	$0.20	-$12.62	$657.5K	-$1.370M	-$1.301M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$93.57M	$53.93M	$283.7M	$384.3M	$44.90M	$15.50M	$23.20M	$14.60M	$11.50M	$87.90M	$29.60M	$34.10M	$30.40M	$15.40M
YoY Change	73.52%	-80.99%	-26.18%	755.9%	189.68%	-33.19%	58.9%	26.96%	-86.92%	196.96%	-13.2%	12.17%	97.4%
Cash & Equivalents	$71.57M	$36.22M	$261.0M	$384.3M	$27.90M	$15.50M	$23.20M	$14.60M	$11.50M	$87.90M	$29.60M	$34.10M	$30.40M	$15.40M
Short-Term Investments	$22.01M	$17.70M	$22.71M		$17.10M
Other Short-Term Assets	$71.62M	$76.62M	$45.61M	$63.20M	$35.10M	$47.30M	$52.10M	$42.60M	$43.90M	$52.20M	$56.90M	$39.20M	$33.10M	$38.50M
YoY Change	-6.52%	67.99%	-27.84%	80.06%	-25.79%	-9.21%	22.3%	-2.96%	-15.9%	-8.26%	45.15%	18.43%	-14.03%
Inventory
Prepaid Expenses
Receivables	$281.7M	$217.2M	$211.0M	$176.6M	$148.9M	$131.2M	$117.1M	$97.20M	$97.30M	$83.10M	$78.70M	$62.70M	$60.70M	$59.10M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$18.10M
Total Short-Term Assets	$446.9M	$347.7M	$540.3M	$624.2M	$228.9M	$193.9M	$192.5M	$154.4M	$152.7M	$223.2M	$165.2M	$136.0M	$124.2M	$131.1M
YoY Change	28.53%	-35.64%	-13.45%	172.7%	18.05%	0.73%	24.68%	1.11%	-31.59%	35.11%	21.47%	9.5%	-5.26%
Property, Plant & Equipment	$1.354B	$1.373B	$1.295B	$1.347B	$1.337B	$597.1M	$575.2M	$529.4M	$429.7M	$398.9M	$390.9M	$340.4M	$237.2M	$219.8M
YoY Change	-1.39%	6.07%	-3.86%	0.71%	123.93%	3.81%	8.65%	23.2%	7.72%	2.05%	14.84%	43.51%	7.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments					$6.200M
YoY Change
Other Assets	$92.27M	$104.6M	$72.46M	$49.30M	$40.70M	$62.60M	$45.70M	$32.90M	$31.00M	$17.00M	$15.30M	$11.30M	$9.300M	$7.700M
YoY Change	-11.82%	44.41%	46.98%	21.13%	-34.98%	36.98%	38.91%	6.13%	82.35%	11.11%	35.4%	21.51%	20.78%
Total Long-Term Assets	$3.449B	$3.451B	$3.100B	$3.102B	$3.102B	$2.330B	$2.276B	$2.205B	$1.998B	$1.918B	$1.937B	$1.778B	$1.647B	$1.591B
YoY Change	-0.06%	11.34%	-0.08%	0.03%	33.09%	2.39%	3.24%	10.35%	4.17%	-1.01%	9.0%	7.93%	3.55%
Total Assets	$3.896B	$3.799B	$3.640B	$3.727B	$3.330B	$2.524B	$2.469B	$2.359B	$2.151B	$2.141B	$2.103B	$1.914B	$1.771B	$1.722B
YoY Change
Accounts Payable	$24.80M	$24.65M	$8.503M	$30.00M	$31.60M	$35.90M	$31.70M	$26.20M	$26.90M	$12.80M	$6.700M	$6.300M	$7.900M	$1.800M
YoY Change	0.63%	189.87%	-71.66%	-5.06%	-11.98%	13.25%	20.99%	-2.6%	110.16%	91.04%	6.35%	-20.25%	338.89%
Accrued Expenses	$334.7M	$300.1M	$276.2M	$251.8M	$218.6M	$118.3M	$101.2M	$99.20M	$87.80M	$103.6M	$100.9M	$90.90M	$81.20M	$71.90M
YoY Change	11.52%	8.64%	9.69%	15.19%	84.78%	16.9%	2.02%	12.98%	-15.25%	2.68%	11.0%	11.95%	12.93%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$84.00M	$0.00	$0.00	$0.00	$118.2M	$127.1M	$76.00M	$24.00M	$0.00	$0.00	$0.00	$0.00	$18.50M
YoY Change	-100.0%				-100.0%	-7.0%	67.24%	216.67%					-100.0%
Long-Term Debt Due	$18.50M	$16.00M	$16.00M	$10.80M	$10.80M	$10.80M	$10.80M	$10.80M	$9.600M	$9.600M	$7.900M	$2.000M	$4.800M	$3.700M
YoY Change	15.63%	0.0%	48.15%	0.0%	0.0%	0.0%	0.0%	12.5%	0.0%	21.52%	295.0%	-58.33%	29.73%
Total Short-Term Liabilities	$799.4M	$786.3M	$622.2M	$530.8M	$483.3M	$483.8M	$460.7M	$387.6M	$305.3M	$279.4M	$255.1M	$201.9M	$193.7M	$185.9M
YoY Change	1.67%	26.38%	17.21%	9.83%	-0.1%	5.01%	18.86%	26.96%	9.27%	9.53%	26.35%	4.23%	4.2%
Long-Term Debt	$944.3M	$961.6M	$976.4M	$1.020B	$1.028B	$1.037B	$1.046B	$1.054B	$905.7M	$911.6M	$756.3M	$904.6M	$794.4M	$773.3M
YoY Change	-1.8%	-1.52%	-4.28%	-0.77%	-0.86%	-0.87%	-0.76%	16.37%	-0.65%	20.53%	-16.39%	13.87%	2.73%
Other Long-Term Liabilities	$906.6M	$919.8M	$813.7M	$845.9M	$788.9M	$152.9M	$138.8M	$117.9M	$98.80M	$72.00M	$62.20M	$52.40M	$45.00M	$37.90M
YoY Change	-1.43%	13.04%	-3.81%	7.23%	415.96%	10.16%	17.73%	19.33%	37.22%	15.76%	18.7%	16.44%	18.73%
Total Long-Term Liabilities	$1.851B	$1.881B	$1.790B	$1.866B	$1.817B	$1.190B	$1.185B	$1.172B	$1.005B	$983.6M	$818.5M	$957.0M	$839.4M	$811.2M
YoY Change	-1.62%	5.1%	-4.07%	2.7%	52.71%	0.42%	1.1%	16.67%	2.12%	20.17%	-14.47%	14.01%	3.48%
Total Liabilities	$2.683B	$2.718B	$2.461B	$2.443B	$2.359B	$1.745B	$1.720B	$1.671B	$1.423B	$1.390B	$1.214B	$1.313B	$1.205B	$1.158B
YoY Change	-1.29%	10.47%	0.73%	3.55%	35.21%	1.47%	2.9%	17.45%	2.36%	14.55%	-7.61%	9.01%	4.09%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	57.72M shares	58.34M shares	60.31M shares	59.53M shares	57.84M shares	57.81M shares	58.87M shares	59.23M shares	60.84M shares	65.61M shares	62.66M shares	6.059M shares
Diluted Shares Outstanding	57.93M shares	58.49M shares	60.87M shares	60.31M shares	58.95M shares	59.00M shares	60.25M shares	60.59M shares	62.36M shares	67.24M shares	64.51M shares	6.059M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $6.9052 Billion

About BRIGHT HORIZONS FAMILY SOLUTIONS INC.

Bright Horizons Family Solutions, Inc. engages in the provision of early education and child care, family care solutions, and workforce education services. The company is headquartered in Newton, Massachusetts and currently employs 31,400 full-time employees. The company went IPO on 2013-01-25. The firm's segments include full service center-based child care, back-up care and educational advisory and other services. Its full service center-based child care segment includes the traditional center-based early education and child care, preschool, and elementary education. The Company’s back-up care segment consists of center-based back-up child care, in-home care for children and adult/elder dependents, school-age camps, tutoring, pet care, self-sourced reimbursed care, and Sittercity, which is an online marketplace for families and caregivers. Its educational advisory and other services segment consists of tuition assistance and student loan repayment program management, workforce education, related educational advising and college advisory services.

Industry: Services-Child Day Care Services Peers: CHEGG, INC Duolingo, Inc. Graham Holdings Co Grand Canyon Education, Inc. Stride, Inc. LAUREATE EDUCATION, INC. POWERSCHOOL HOLDINGS, INC. Udemy, Inc.